Taiwan; an introduction
With over 230 million people packed into an island less than half the size of Scotland, Taiwan is one of the most densely populated places in the world. The capital Taipei is a bustling hi-tech cosmopolitan city, but get away on the high speed train that runs the length of the country and you’ll find dramatic mountain landscapes and lush rainforests.
A mix of Chinese, Japanese and Western influences, along with the cultures of the 14 indigenous peoples that still prosper on the east of the island, Taiwan has grown from an unremarkable Japanese colony into one of the world’s richest economies inside fifty years.
Taiwan is cheaper than Japan, but not as affordable as China. If you’re on a budget, explore beyond Taipei as soon as you can – it’s by far the most expensive part of the island. Admission into government-run historical sites like temples is usually low cost or free.
Daily spend: £40-60
Check out a “homestay” (mínsù) for a taste of the real Taiwan. These B&B-style rooms are popping up more and more across the country, and offer a more homely environment than a corporate hotel chain.
Daily spend: £65-80
Most of Taiwan’s finest international hotels are found in Taipei, where the vast tech industry ensures a constant stream of business travellers. Expect to pay a minimum of NT$4000 per night for a 5-star room.
Daily spend: £90-125
Prices are approximate and subject to change.
Money saving tips for Taiwan
- Don’t tip. It’s not just unnecessary, it can be illegal. In fact, tipping in taxis is against the law in Taiwan.
- Get a pass. If you’re under 30, you can apply for a discount Taiwan Rail Pass (TR Pass) at major train stations
- Go natural. Some of the most spectacular sights in Taiwan cost nothing at all, like the annual Cherry Blossom celebrations in spring.
The smart way to travel
Keep track of your holiday spending and instantly convert local prices into pounds with our free smartphone apps. There are three handy apps to download for iOS and Android, including Travel Essentials, Travel Money Card Plus & Currency Converter. You can also download an instant currency converter for your Apple Watch.
Taiwan currency – the basics
- The Taiwan currency is the New Taiwan Dollar (abbreviated as NT$ with TWD as the currency code).
- Each New Taiwan Dollar is worth only 2-3 pence, so you’ll get around 40 to the pound.
- Coins come in denominations of 1, 5, 10, 20 and 50. Banknotes are in denominations of 100, 200, 500, 1,000 and 2,000.
Buy your Taiwan currency from us
We make it easy to get Taiwan money before you travel:
- Order online for a better rate on foreign currency – minimum order value of £400 applies online
- 0% commission, competitive rates on up to 70 foreign currencies
- Delivered to your front door or pick up from one of 11,500 local Post Office branches.
- Free delivery for branch collection and online orders over £400 for home delivery Monday – Friday.
Orders placed before 3pm on a working day can generally be delivered to your home the next working day. Where an order is placed on a Friday and delivery is required on a Saturday, there will be a charge of £1.50
Get a great rate by ordering your Taiwan money from us.